It’s important to understand the fees and charges that are applicable when accessing aged care. There are a number of factors which influence the amount of money a resident pays to live in aged care and in some cases a specialist financial adviser might be best placed to offer this advice. Our Finance Officer at Princes Court Homes can prepare individualised quotes, as per the current fee structures.
Fees and charges are regulated by the Federal Government and additional information can be found on the “My Aged Care” website These fee structures are explained briefly below.
Residents receiving care
Refundable Accommodation Deposit (RAD): The RAD for those residents where it is applicable will pay to the facility a maximum of $345,000.